Wells Fargo Shifts Strategy Amid Market Volatility, Focuses on Cyclical Sectors

Wells Fargo is revising its equity strategy, prioritizing cyclical sectors amid anticipated market volatility. The firm anticipates a potential 5-10% pullback in equities, prompting a reallocation away from defensive investments towards more cyclical industries like Energy, Financials, Information Technology, and Communication Services. 2025 Mid-Year Outlook Executive Summary details this strategic shift, which aims to maximize returns during uncertain market conditions.